Some executives are slamming the administration's lies, after the White House claimed that U.S. oil producers have plenty of opportunities to drill domestically. American Energy Alliance President Tom Pyle said on Varney Co. Tuesday that we've tracked 125 specific actions that this administration and the Democratic Congress have done to slow down or stop oil production in America. When asked by Fox News correspondent Peter Doocy why President Biden would rather let U.S. companies drill for oil in Venezuela than here in the U.S. Monday, NSC Strategic Communication Coordinator John Kirby said there were plenty of untapped opportunities for companies to drill in the United States.
On Saturday, the Treasury Department announced that it will allow California-based Chevron to resume limited energy production in Venezuela, after years of sanctions that have severely curtailed oil and gas profits that have flown to Maduro s government.
Kirby told Doocy that his framing of the question was not an accurate take on the president's view, to which Doocy retorted that the president himself earlier this month said there was no more drilling. There are plenty of opportunities for oil and gas companies to drill here in the United States, according to Kirby. I ll let Chevron speak for this particular issue of sanctions relief, but our expectation is that there won't be a lot of oil coming out of there. It will have to be shipped to the United States. In response, United Refining Company Chairman and CEO John Catsimatidis told host Ashley Webster on Tuesday that the move doesn't make sense at all, as Canada has the ability to export an additional 1 million barrels of crude oil per day to the U.S.
Can anyone figure out why we are giving business to Venezuela? Catsimatidis asked. Why is it that they are giving them the business and not giving it to Canada? Catsimatidis said he was left puzzled by the White House's response to the issue.
The billionaire CEO said that Washington needs checks and balances, but I hope we have more checks and balances now that it's going to be a Republican Congress.
Pyle explained why the Biden administration may prefer to get oil from Iraq, Saudi Arabia and Venezuela, as opposed to Texas, New Mexico and North Dakota.
Pyle said that he just wants to placate his big donors who don't want to see fossil fuels produced in this country. We're hurting, and will continue to hurt under these policies. The president of the American Energy Alliance warned of the environmental and economic consequences of foreign oil sources.
Pyle noted that production in Venezuela has decimated the industry because of Maduro and his socialist policies. Their oil is worse for the environment than our oil. It is not about the climate. It's about an agenda where they don't want these resources. This country is in this country. Pyle predicts that American jobs will suffer due to the outsourcing jobs to Venezuela.
It's not just the jobs in red states like Louisiana and Texas. There are caterers, banks, real estate agents, listed in the oil and gas industry. There are folks in Minnesota who bring the sand over, the boots. It's not just jobs in the industry, it's jobs across the entire economy. The decision by the Biden administration is the latest step in the softening of hostile relations between the U.S. and Venezuelan governments. It came weeks after a major prisoner swap in which Venezuela freed seven imprisoned Americans in exchange for the U.S. liberating two nephews of Maduro's wife. In March, Maduro released two other Americans.